Insolvency
61insolvency of insurance company — A depletion of assets to the extent that they are insufficient for the payment of the just debts and obligations of the company. 29 Am J Rev ed Ins § 116. An insurance company is not insolvent when the value of its property is greater than the… …
62insolvency of lessee — In reference to re entry by the lessor: the failure of a lessee to meet obligations as they mature, or such financial condition as throws the lessee s relations into confusion, delays payment of the rent, impounds his property for an indefinite… …
63insolvency statutes — State statutes, comparable to the National Bankruptcy Act, which provide a proceeding by or against a debtor to have him declared insolvent and his property brought into court for disposition among his creditors in accordance with law. Vanuxem v… …
64United Kingdom insolvency law — deals with the insolvency of firms in the United Kingdom. The primary pieces of legislation are the Insolvency Act 1986 and the Enterprise Act 2002.History*Bankruptcy Act 1542 *Statute of Anne Bankruptcy Act 1705Company lawHowever, there are… …
65Commercial insolvency in Canada — A closed restaurant in Gananoque, Ontario Commercial insolvency in Canada has options and procedures that are distinct from those available in consumer insolvency proceedings. It is governed by the following statutes: The Bankruptcy and… …
66Report of the Review Committee on Insolvency Law and Practice — (1982) Cmnd 8558, also known as the Cork Report was an investigation and set of recommendations on modernisation and reform of UK insolvency law. It was chaired by Kenneth Cork and was commissioned by the Labour government in 1977. The Cork… …
67Corporate Rescue and Insolvency Journal — Type Bi monthly (6 issues) Format Journal Owner LexisNexis Editor …
68Bankruptcy and Insolvency Act — The Canadian Bankruptcy and Insolvency Act is An Act Respecting Bankruptcy and Insolvency that sets out the law on bankruptcy in Canada, and applies to both businesses and individuals. The legislation includes the duties and powers of the Office… …
69UNCITRAL Model Law on Cross-Border Insolvency — International The United Nations Commission on International Trade Law (UNCITRAL) adopted a Model Law on Cross Border Insolvency (Model Law) in 1997. The Model Law provides a suggested framework of legislation that, if implemented, sets out when… …
70authorised insolvency practitioner — a person legally permitted to carry through certain duties in relation to an insolvency. The Insolvency Act 1986 introduced a system of licensing to ensure the professional competence and skill of insolvency practitioners in individual and… …
